Features:

Property Description:

OPEN BAY HOT PROPERTY

MAKE AN OFFER!

(Seller Motivated, and will consider ALL reasonable offers!)

Originally Asking $1,475,000

Now $1,395,000

Located on a combined Double Lot at
224-228 Bay Ave (Lots 2.0 & 2.01):
Total survey property dimensions are
100 x 300 with Riparian Water Rights.

Desirable Ocean City OPEN BAY location is the envy of every Waterfront Property owner which boasts Breathtaking Vibrant Sunsets, Panoramic Open Bay Views and a few quick minutes from the open Atlantic Ocean.

Located on the tip of the Marine Village Harbor Zone in Ocean City NJ, next to a beautiful open public park space & docs; and two blocks from Ocean City’s Gardens neighborhood and Yacht Club, this location allows for mixed use residential waterfront development with any type of waterfront/marine commercial use.
The location is one of a kind, full of infinite opportunity!

Current seller owns a residential unit with open bay panoramic views and operates an Ocean City landmark seafood restaurant on the premises, known as McGlade’s Restaurant with approved indoor and outdoor seating up to 100+; covered decks & cabana; parking lot for 6+ spots; and a huge 200 ft dock marina with a mercantile license approved for 100 watercraft, along with NJ riparian water rights out into open bay. Total survey property dimensions are 100 x 300 to include existing docs/marina with water rights. Chose to either buy & operate your own restaurant business and marina; build your very own gorgeous custom waterfront home on top of an income producing commercial use or simply use the commercial license to rent out your own boat slips to friends, family, neighbors etc; create your own boat/marina business; condo off & sell some or all of the boat slips; or develop a mixed use condo property of your very own creation. Bulk head and docks are new. Acquisition and/or creative development options with some income producing possibilities are endless and very opportunistic, and property is priced for a quick sale!!

Open Bay large property lot acquisitions like this hardly ever come onto the market, so don’t hesitate– Call us directly right now at
(609) 412-5547